Clause 2

by deleting the definition of “approved company auditor” in subsection (1);

by deleting the definition of “approved liquidator” in subsection (1) and substituting the following definition:“ “approved liquidator” means —

a person who falls within a class of persons declared as approved liquidators under section 9(1); or

a person who has been approved under section 9(2) as a liquidator and whose approval has not been revoked;”;

by inserting, immediately after the definition of “document” in subsection (1), the following definition:“ “electronic communication” means communication transmitted (whether from one person to another, from one device to another, from a person to a device or from a device to a person) —

by means of a telecommunication system; or

by other means but while in an electronic form,such that it can (where particular conditions are met) be received in legible form or be made legible following receipt in non-legible form;”;

by inserting, immediately after the definition of “prospectus” in subsection (1), the following definition:“ “public accountant” means a person who is registered or deemed to be registered under the Accountants Act 2004 as a public accountant;”;

by inserting, immediately after the definition of “Table A” in subsection (1), the following definition:“ “telecommunication system” has the same meaning as in the Telecommunications Act (Cap. 323);”; and

by inserting, immediately after subsection (9), the following subsections:“(10) A reference in this Act to the directors of a company shall, in the case of a company which has only one director, be construed as a reference to that director.(11) A reference in this Act to the doing of any act by 2 or more directors of a company shall, in the case of a company which has only one director, be construed as the doing of that act by that director.”.